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Press Policy

29 January 2024

Proposing MP
Lucy Frazer Con
South East Cambridgeshire
Type
Written Ministerial Statement
Department
Department for Culture, Media and Sport
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At a Glance

Issue Summary

The Secretary of State for Culture, Media & Sport has issued a Public Interest Intervention Notice (PIIN) regarding the anticipated acquisition of Telegraph Media Group Ltd by RB Investco Ltd.

Action Requested

I have requested that the Competition and Markets Authority (CMA) and Ofcom report to me on jurisdictional, competition, and media public interest considerations by 9.00am GMT on 11 March 2024, with the PIIN and Pre-emptive Action Order remaining in force.

Key Facts

  • The PIIN relates to concerns about public interest considerations under section 58 of the Enterprise Act 2002.
  • Redbird IMI has changed the corporate structure of potential acquiring entities.
  • The CMA and Ofcom are required to report by 9.00am GMT on 11 March 2024.
  • The PIIN issued on 30 November 2023 remains in force with an associated Pre-emptive Action Order made on 1 December 2023.
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